MediaKind and Harmonic Merge to Form Streaming Powerhouse
▼ Summary
– MediaKind has agreed to acquire Harmonic’s Video Business for approximately $145 million, with the deal expected to close in the first half of 2026.
– The combination will create a leading independent SaaS streaming infrastructure provider with complementary strengths in SaaS, appliances, and cloud video.
– The merged company is projected to generate over $100 million in annual recurring revenue and more than $150 million in annual appliance revenue.
– By uniting engineering teams and R&D, the deal aims to accelerate innovation and deliver next-generation video solutions faster to a broad customer base.
– Leadership from both companies state the transaction strengthens their strategic focus, with Harmonic concentrating on its Broadband segment and MediaKind enhancing its video delivery portfolio.
A major consolidation is reshaping the video streaming infrastructure market. MediaKind has announced an agreement to acquire the Video Business division of Harmonic for approximately $145 million. This strategic move is set to forge a dominant independent platform specializing in SaaS streaming, appliance-based systems, and cloud video workloads. The deal, pending standard regulatory approvals and a French employee consultation, is anticipated to finalize in the first half of 2026.
The merger brings together two established technology firms with complementary strengths. The unified entity will emerge as a world-class provider, boasting a prestigious client roster. It is projected to generate over $100 million in annual recurring revenue (ARR) alongside more than $150 million in yearly appliance revenue. As a business entirely dedicated to video technology, this combination establishes a robust foundation for sustained expansion and market leadership. The increased scale is also expected to enhance financial and operational stability, offering customers greater confidence in their infrastructure partner’s long-term reliability.
By integrating top-tier engineering talent, research centers, and product development roadmaps, the new company aims to accelerate the pace of innovation. A shared commitment to a cloud-neutral approach will allow for faster deployment of next-generation features, providing seamless support across both cloud and on-premise environments for a diverse customer base.
Allen Broome, CEO of MediaKind, stated that this combination marks a significant advancement in the company’s long-term strategy. He emphasized that merging with Harmonic’s Video Business will amplify investment capabilities across the entire product portfolio. This will be driven by an expanded research and development platform designed to significantly speed up innovation, ultimately creating the premier independent streaming infrastructure company for the future of video.
Nimrod Ben-Natan, President and CEO of Harmonic, noted that the transaction supports the growth strategies of both organizations. It enables Harmonic to sharpen its focus on its core Broadband segment, while ensuring its Video Business, along with its customers and employees, transitions to a company deeply committed to the evolution of video delivery. He expressed pride in the Video team’s achievements and optimism for its continued growth under MediaKind’s stewardship.
Legal and financial advisory roles for the transaction have been secured by leading firms. Davis Polk & Wardwell is acting as legal advisor to MediaKind, with Moelis & Company LLC serving as exclusive financial advisor. Harmonic’s advisors are Wilson Sonsini Goodrich & Rosati, P.C. for legal counsel and Jefferies LLC as exclusive financial advisor.
(Source: Streaming Media)